Eline Entertainment Group Stock Market Value
| EEGI Stock | USD 0.0002 0.0001 100.00% |
| Symbol | Eline |
Eline Entertainment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eline Entertainment's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eline Entertainment.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Eline Entertainment on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Eline Entertainment Group or generate 0.0% return on investment in Eline Entertainment over 90 days. Eline Entertainment is related to or competes with Roku, Color Star, LiveOne, Cineverse Corp, AMC Entertainment, and Manchester United. Eline Entertainment Group, Inc., engages in the production and distribution of sports and entertainment More
Eline Entertainment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eline Entertainment's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eline Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 52.44 | |||
| Information Ratio | 0.1715 | |||
| Maximum Drawdown | 210.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Eline Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eline Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eline Entertainment's standard deviation. In reality, there are many statistical measures that can use Eline Entertainment historical prices to predict the future Eline Entertainment's volatility.| Risk Adjusted Performance | 0.1359 | |||
| Jensen Alpha | 7.27 | |||
| Total Risk Alpha | 0.6489 | |||
| Sortino Ratio | 0.1334 | |||
| Treynor Ratio | (5.10) |
Eline Entertainment Backtested Returns
Eline Entertainment is out of control given 3 months investment horizon. Eline Entertainment secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 7.46% are justified by taking the suggested risk. Use Eline Entertainment Coefficient Of Variation of 572.81, downside deviation of 52.44, and Mean Deviation of 22.73 to evaluate company specific risk that cannot be diversified away. Eline Entertainment holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.39, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eline Entertainment are expected to decrease by larger amounts. On the other hand, during market turmoil, Eline Entertainment is expected to outperform it. Use Eline Entertainment information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Eline Entertainment.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Eline Entertainment Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eline Entertainment time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eline Entertainment price movement. The serial correlation of -0.17 indicates that over 17.0% of current Eline Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eline Entertainment lagged returns against current returns
Autocorrelation, which is Eline Entertainment pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eline Entertainment's pink sheet expected returns. We can calculate the autocorrelation of Eline Entertainment returns to help us make a trade decision. For example, suppose you find that Eline Entertainment has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eline Entertainment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eline Entertainment pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eline Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eline Entertainment pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eline Entertainment Lagged Returns
When evaluating Eline Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eline Entertainment pink sheet have on its future price. Eline Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eline Entertainment autocorrelation shows the relationship between Eline Entertainment pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eline Entertainment Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eline Pink Sheet
Eline Entertainment financial ratios help investors to determine whether Eline Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eline with respect to the benefits of owning Eline Entertainment security.